Novopay Solutions Private Limited - Company Profile

It is a financial services private limited company based in Bangalore East Taluk, Karnataka, India, established in 2014.

2014 Bangalore East Taluk, Karnataka, India Active

Last Updated: December 08, 2025

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About Novopay Solutions Private Limited

Novopay Solutions Private Limited, a active private limited company, was established on 20 February 2014 in Bangalore East Taluk, Karnataka, India. Engaging in digital payment solutions within the financial and insurance service sector, it holds CIN: U72200KA2014PTC073736. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹2.30 M and a paid-up capital of ₹1.23 M.

It upholds a compliant status. Employing 242 professional, Its leadership includes Srikanth Nadhamuni (Nominee Director), Gautam Bandyopadhyay (Director). Past directors included Prashanth Yedabettu Narayan, Sunil Abhilash Ramanuja, Shankar Bali. It holds no open charges and ₹20.00 Cr settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ii Floor, No 18/2A, Khata No 629, Ambalipura Villa Sarjapura Main Road, Bellandur Gate, Var, Thur Hobli, Bangalore East Taluk, Karnataka, 560102.

Company Details

CIN/LLPIN
U72200KA2014PTC073736
Registration Number
073736
Incorporation Date
20 February 2014
Authorized Capital
₹2.30 M
Paid-Up Capital
₹1.23 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.30 M as on 08-12-2025
Paid Up Capital ₹ 1.23 M as on 08-12-2025
Company Age 11 Year, 11 Months
Last Filing with ROC 31 Mar 2024
Satisfied Charges ₹ 20.00 Cr as on 08-12-2025
Revenue Growth **** -51.25% (FY 2023)
Profit Growth **** 500.08% (FY 2023)
Ebitda **** 374.12% (FY 2023)
Net Worth 6.98% (FY 2023)
Total Assets **** 2.04% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Novopay Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Novopay Solutions Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Srikanth Nadhamuni	Nominee Director	07 Jul 2014	Current
Gautam Bandyopadhyay	Director	26 Apr 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	05 Aug 2022	Past
Pramod Abcsdd	Additional Director	28 Sep 2020	Past
Pramod Abcsdd	Additional Director	10 Dec 2015	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past
Pramod Abcsdd	Director	30 Nov 2016	Past
Pramod Abcsdd	Nominee Director	28 Nov 2023	Past

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Financial Performance of Novopay Solutions.

Novopay Solutions Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 51.25% decrease. The company also saw a substantial improvement in profitability, with a 500.08% increase in profit. The company's net worth moved up by a moderate rise of 6.98%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-51.25%

*******

Revenue from Operations

*******

-51.87%

*******

Total Assets

*******

2.04%

*******

Profit or Loss

*******

500.08%

*******

Net Worth

*******

6.98%

*******

EBITDA

*******

374.12%

*******

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What is the Ownership and Shareholding Structure of Novopay Solutions?

In 2023, Novopay Solutions had a promoter holding of 29.72% and a public holding of 70.29%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹200,000,000.00

Charges Breakdown by Lending Institutions

Others : 20.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
11 Jul 2018	Others	₹20.00 Cr	Satisfied

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How Many Employees Work at Novopay Solutions?

Novopay Solutions has a workforce of 242 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Novopay Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Novopay Solutions's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Novopay Solutions

Recent Activity within the Organization

Annual General Meeting

Progress on Novopay Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was documented.
27 Sep 2024
Balance Sheet

Progress on Novopay Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was documented.
31 Mar 2024
Charges

The activity A charge registered on 11 Jul 2018 via Charge ID 100189006 with Others was fully satisfied on 14 Aug 2020. was completed.
14 Aug 2020
Charges

The activity A charge with Others of Rs. 200.00 M registered on 11 Jul 2018 with Charge ID 100189006 was modified on 23 Jan 2020. was completed.
23 Jan 2020
Director Appointment

Gautam Bandyopadhyay was appointed as a Director was appointed as a Director on 26 Apr 2019 & has been associated with this company since 6 years 9 months . was recorded as a recent event.
26 Apr 2019
Charges

Progress on A charge with Others amounted to Rs. 200.00 M with Charge ID 100189006 was registered on 11 Jul 2018. was documented.
11 Jul 2018

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